https://www.taxtmi.com/circulars?id=60421 Exports without payment of integrated tax require furnishing FORM GST RFD-11 as a bond or LUT; eligible exporters may use LUT while others must submit a bond on non-judicial stamp paper. Bonds may be running bonds covering estimated tax liability; exporters must keep outstanding liabilities within the bond amount and furnish fresh bonds if liabilities exceed it. Jurisdictional Commissioners decide bank guarantee requirements-dispensing with guarantees for good track records-and the bank guarantee should normally not exceed fifteen percent. LUTs are valid for twelve months and noncompliance may trigger bond requirement. Bonds/LUTs are accepted by the Deputy/Assistant Commissioner having jurisdiction over the principal place of business, with temporary acceptance by Central or State Tax Authorities as administratively required. en-us Tue, 12 Sep 2017 00:00:00 +0530 Sat, 30 Mar 2019 10:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=60421 Exports without payment of integrated tax require furnishing FORM GST RFD-11 as a bond or LUT; eligible exporters may use LUT while others must submit a bond on non-judicial stamp paper. Bonds may be running bonds covering estimated tax liability; exporters must keep outstanding liabilities within the bond amount and furnish fresh bonds if liabilities exceed it. Jurisdictional Commissioners decide bank guarantee requirements-dispensing with guarantees for good track records-and the bank guarantee should normally not exceed fifteen percent. LUTs are valid for twelve months and noncompliance may trigger bond requirement. Bonds/LUTs are accepted by the Deputy/Assistant Commissioner having jurisdiction over the principal place of business, with temporary acceptance by Central or State Tax Authorities as administratively required. Circulars Customs Tue, 12 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/circulars?id=60421